~Snip
Yes.. that is an interesting point in regards to many reasons that we might not tell friends and family about some things that we are still investigating and/or in the earlier stages of building our knowledge, and surely it may well depend upon how much we might rely upon friends and family in our own investigation process versus if we might consider that they might not necessarily be helpful in terms of our coming up with a plan that is sufficiently well tailored to our own circumstances, that also might have to do with some personal matters (and balances) that they might not be able to help us in resolving.
So, yeah, if we are in the earliest stages of figuring out our own position regarding the
9 factors, friends and family may or may not be helpful - depending on our own relationship with them in these kinds of somewhat tending to be personal and/or investigatory matters.
I've gotten two different pieces of advice about risky financial ideas especially regarding friends and family:
- No one really wants you to succeed, don't discuss big ideas with them and don't tell them your big financial plans.
- Family is everything, but when making risky decisions, it is best not to involve family, especially regarding ideas that may not be in line with one's desires and knowledge.
From these two pieces of advice I can learn that there are things we cannot talk about with friends and family. Not everyone likes and supports our big plan, conflicts of interest, lack of knowledge and several other things might make us fail with this big plan. I certainly experienced it myself and this is really real, in fact so far my long-term investment plans in bitcoin do not involve my family at all even though I have to tell them that I have valuable assets.
I am not completely opposed to the idea of starting out small and going BIG because it is likely that folks might start out too BIG, so how BIG is a matter of balance that might not be easy for anyone except for that person to figure out how BIG is too BIG.. or how small is too small. For example, someone could already know that he has $6.6k that he could invest into bitcoin, which is $4k right now and $2,600 over the next 26 weeks ($100 per week).. so then he might have some questions regarding how much to start with... and/or how much he might need to learn before really getting started.
You may have noticed that most of the bitcointalk users who use paid signatures are not those who have a large budget to invest in any asset including bitcoin in the early days. They come for various reasons, and the most stated reason is because they want to make money with it. This is why it is possible for some of them to start with a small budget and grow big over time while enriching their knowledge and developing strategies on investments.
Unless, they are people with big budgets who already had money in their bank accounts or any asset before they got to know bitcoin. They can start with a large budget ($6000 I think is quite large) and just need to learn how to practice good investment strategies. The ideas and advice are certainly no different, if it is a long term investment, then buy dip and dca remains good advice to consider, whoever they are.